October 5, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Law Firm Website Weirdness: What’s Going On? --- ‘Hosting Incident’ Hits 36 BigLaw Sites; Some Visitors Offered Personal Injury Lawyer Search Links
(DBN)

Associate Bonus Watch: Early Word About Cahill Gordon Bonuses
(DBN)

No Decision on Dewey Settlement Proposal Until Next Week
(DBN)

Clifford Chance accounts reveal bumper pay of management committee
(DBN)

Freshfields takes global M&A crown but deal slump continues
(DBN)

Simmons, Seward & Kissel, Debevoise: Business of Law
(DBN)

Wachtell, Cleary, K&L Gates, Akin Gump: Business of Law
(DBN)

Two Bombshells From Foley & Lardner: Records Dept Outsourced; Lexis-Only Shop
(DBN)

Why Are There No Law Firm Divestitures?
(DBN)

Pennsylvania Police Search for Suspects in Home Invasion and Shooting of Bankruptcy Lawyer
(DBN)

Law Firm Holds Auditions for ‘Top Associate,’ But Prospective Applicants Are Not Impressed
(DBN)

Court rejects value put on Greenberg partner's goodwill
(DBN)

Departure Memo of the Day: ‘Here’s To The Crazy Ones’
(DBN)

Tension at Satellite Offices Common, Even for Midsized Firms
(DBN)

Overweight TV Anchor Takes Lawyer To Task On The Air; Lawyer Doesn’t Give A Damn
(DBN)

How Potent Is Your Lipstick?
(DBN)

Which Successful Plaintiffs Attorney Moonlights at Jiu Jitsu Tournaments?
(DBN)

Want to Climb the Career Ladder? For Men, a Shaved Head Could Help, Study Suggests
(DBN)

Shrinking Law Schools
(DBN)

Law School Transparency: Wu-less --- Denial
(DBN)

Trial Director for iPad
(DBN)

Essential iPad Apps Of The Month
(DBN)

Allen & Overy partner unwittingly takes clients to "hostess club"
(DBN)

Lawyer Suing for Sex Discrimination Says She Was Fired; Firm Calls It ‘Facilitating Her Transition’
(DBN)

Lawsuit over Thomas Jefferson's wine too late, U.S. court finds
(DBN)

Lawyers for Accused Sept. 11 Mastermind Say Their Gitmo Offices Are a Health Hazard
(DBN)

Clifford Chance paralegal appeals for funds to help his daughter walk
(DBN)

Man wants $10 million for frostbitten p---- incident
(DBN)

Handcuffed Defendant Takes Plea, Decks Defense Counsel with a Single Punch, Gets 6 Months More Time
(DBN)

Say What?!
(DBN)

______________

Judges:

Get in Line: Chapter 11 Restructuring in Crowded Bankruptcy Courts
(DBN)

Bigger bucks come to Supreme Court clerks who wait
(DBN)

Run! Run Away and Never Return!
(DBN)

Understanding Justice William Rehnquist
(DBN)

Heirs of Early Supreme Court Justice Win Legal Fight for His Papers
(DBN)

Rap-Quoting Judge
(DBN)

______________

Wall Street:

Markets Are Higher Ahead Of Huge Jobs Report
(DBN)

Shares rise on ECB assurances, US jobs hope
(DBN)

Morgan Stanley: 'We Have Too Many Overpaid Bankers
(DBN)

Despite Gains, Many Flee Stock Market
(DBN)

______________

Layoffs:

Jobless claims point to steady labor market
(DBN)

How US states fared on jobless aid applications
(DBN)

Discouraged Workers Face Tough Road Back
(DBN)

Surprising six-figure jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Credit/Debit Cards:

More Americans are paying their credit card bills on time
(DBN)

______________

Brokers:

MF Global Trustee Freeh to Allow Extended Probe of Records
(DBN)

Peregrine Financial Trustee Turns to Currency Accounts
(DBN)

______________

Lehman:

Lehman trustee, Swiss unit settle $6 bln dispute
(DBN)

______________

Celebs:

Sapp to auction $7 million Florida home
(DBN)

Inside the bankruptcy of Arkansas coach John L. Smith
(DBN)

Michael Vick Hasn't Really Blown $30 Million, Defenders Say
(DBN)

Bankrupt Curt Schilling might have to sell bloody sock --- Bankruptcy really socks it to Schilling --- Bloody sock is collateral
(DBN)

______________

Medical Devices:

Bankruptcy Judge Approves Gamma Medica's DIP Financing
(DBN)

______________

Telecoms:

Broadview Networks' Plan of Reorganization Approved
(DBN)

______________

Finance:

Arcapita Plan May Lead to Investments’ Sale, Lenders Says
(DBN)

______________

Art:

Using Warhols to Save a Failed Company
(DBN)

______________

Packaging:

SSG Closes Whitlock Packaging Restructuring
(DBN)

______________

Economy:

Initial Jobless Claims in U.S. Rose Last Week From Two-Month Low
(DBN)

Aug. factory orders fall, jobless benefits claims rise
(DBN)

Divided Fed considers numerical triggers for rates policy
(DBN)

Yesterday's Minutes Revealed The Likely Next Step For The Fed
(DBN)

Fed Predicts Slow Economic Recovery
(DBN)

Why Income Inequality Matters
(DBN)

Fed Officials Saw Manageable Risks of Bond-Buying, Minutes Show
(DBN)

Reports Show Small Businesses Are Reluctant to Hire
(DBN)

Here's How Mitt Romney Really Plans To 'Pay' For His $5 Trillion In Tax Cuts --- The Real Story About Romney’s Tax-Cut Plan
(DBN)

11 Companies With The Least Productive Employees
(DBN)

Apple Is Worth More Than All Of The Companies In These 10 Big Countries
(DBN)

Gas Prices Are Exploding In California And Experts Expect Them To Get A Lot Worse
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Mortgage rates sink to all-time low
(DBN)

States that lost the most are gaining the most
(DBN)

Hijacking of Bankruptcy Cases an Alarming Trend
(DBN)

N.Y. Mortgage Probe Said to Get Extension to Sue 12 Firms
(DBN)

Credit Suisse probed by U.S. over mortgages - sources --- Credit Suisse Sued by Credit Union Agency Over Securities
(DBN)

JPMorgan Mortgage Suit Could Fit Bank of America
(DBN)

Ocwen Continues to Eye ResCap Following Homeward Deal
(DBN)

The Next Gigantic Housing Bubble That Everyone Expects To Burst
(DBN)

Is QM What's Holding Back the Housing Market?
(DBN)

____________

Aviation:

American Airlines cancels flights due to faulty chairs --- Cancels at least 94 flights to check seat mounts on Boeing 757s
(DBN)

Prospects Seem Dim as AMR and Pilots Seek Contract
(DBN)

American Eagle, TWU have tentative deals covering mechanics, other employees
(DBN)

Could bankruptcy , bad PR and angry pilots ground American Airlines?
(DBN)

American Airlines makes 'peace offering' as pilot talks resume
(DBN)

AMR Risks Cash Erosion as Loose Seats Follow Delays
(DBN)

Buyouts cut ground-crew layoffs cut in half at American
(DBN)

______________

Retailing:

Retailers' September sales raise holidays concern
(DBN)

______________

Politics:

A closer look at Obama’s “$90 billion for green jobs” --- Fact-Checking Obama's 'Kiss' to Wall Street --- Funny--Neither Romney Nor Obama Touched The Auto Bailout In The Debate --- Small businesses front and center in the presidential debate --- Fact Check: Romney says most small businesses will see a tax hit? --- FactCheck: Obama and Small Banks --- FactCheck: Romney and Clean Energy --- Facts Take a Beating in First Debate --- Blue Truth, Red Truth: The Battle Over Facts --- Taking stock of claims made during Obama-Romney debate --- Mitt Romney Comes Out the Winner in First Debate --- Loser in Wednesday's Debate: The American People --- AARP: Won't Endorse Romney or Obama --- Mitt Romney keeps Solyndra canard alive
(DBN)

______________

Municipalities:

Atwater declares fiscal emergency --- Atwater Begins Debate Over AB 506
(DBN)

Stockton’s Creditors Challenge City’s Eligibility to File for Chapter 9 Protection
(DBN)

California's Insolvencies Mounting as Atwater Declares Emergency
(DBN)

Crime vexes bankrupt San Bernardino
(DBN)

Chicago Teachers Back 17.6%, 4 Year Pay Deal
(DBN)

City, Town Employees: More heads will roll to boost attractiveness of muni bonds
(DBN)

Former Harrisburg mayor says incinerator woes go back to the beginning
(DBN)

______________

Health Care:

Hospital district declares bankruptcy
(DBN)

______________

Cable Television:

Bain Capital's Contec Wins Bankruptcy Plan Court Approval
(DBN)

______________

Religion:

More time granted for church sex-abuse negotiations
(DBN)

______________

Newspapers:

Journal Register Wins Court Approval of $25 Million Loan
(DBN)

______________

Debt Collection:

Fake Courtroom Debt Collector Wins Right to Fight $1.2 million Fine
(DBN)

______________

Health Care:

Deeper cuts coming to LSU hospitals
(DBN)

______________

Food/Beverage:

Hostess Brands to Impose Pay Cuts
(DBN)

Accusations swirl around failed USA Springs bailout
(DBN)

______________

Banking:

LIBOR Scandal: Geithner Under Fire For 'Complacency'
(DBN)

Judge Keeps Hope Alive for WaMu Investors
(DBN)

______________

Education:

Lon Morris seeks to liquidate assets
(DBN)

The NEW Best Universities In The World
(DBN)

______________

Corporate Reform:

Will Dodd-Frank Act End Up in Supreme Court?
(DBN)

Wall St. surprised to hear that the bill it spent millions lobbying against is a big wet "kiss"
(DBN - NY Times - Paywall Limit Possible)

______________

Student Debt:

The Parent Loan Trap
(DBN)

The gap between college costs and consumer incomes is at an all-time high
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Q3 Review: Most Active States and Venues
(DBN)

WD NY: Bankruptcy filings in region continue to decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bad Faith:

Hotel Whose Chapter 11 Case Was Filed in Bad Faith Can “Stay” in Bankruptcy – Part I
(DBN)

______________

Obits:

Retired Sheppard Mullin Partner Francis Dies at 80
(DBN)

______________

Personal Bankruptcy:

The Financial Benefits of Bankruptcy
(DBN)

______________

Fraud:

NY Must Submit to Bankruptcy Judge, Trustee Picard Says
(DBN)

U.S. authorities charge 91 in $430 mln Medicare fraud
(DBN)

Broadway producer says he was fraud victim
(DBN)

______________

Litigation:

Using a plaintiff's prior bankruptcy favorably in a product liability action
(DBN)

______________

Insurance:

Bankruptcy Court Lacks Jurisdiction Over WaMu Coverage Lawsuit --- The Opinion
(DBN)

______________

Hollywood:

Blink and You Missed It - Emergency Sale of Digital Domain Media Approved
(DBN)

Digital Domain pulls out of ballpark naming deal
(DBN)

3 lawsuits accuse Digital Domain of lying about financial status
(DBN)

______________

Debt Collection:

Second Circuit Rules that a Judgment-Creditor is Entitled to Broad Discovery Concerning Foreign State Judgment-Debtor's Assets
(DBN)

______________

Freight:

Moore Freight files for bankruptcy protection
(DBN)

______________

Accounting:

Developing markets lift PwC to record sales
(DBN)

______________

Personal Finance:

Twenty-Something Multimillionaire Reveals The Worst Part Of His Life
(DBN)

______________

Art:

Closed New York Gallery Settles Suit Over ‘Forged’ Pollock
(DBN)

______________

Gas Cans:

A Factory's Closing Focuses Attention on Tort Reform
(DBN)

______________

UK:

Companies seek to offload pensions to PPF
(DBN)

Insolvency Service bans ex-Leeds United chairman
(DBN)

Billionaires cool on London property as rich-bashing grows
(DBN)

Same old tune as Paul Singer profits from bankruptcy
(DBN)

______________

EU:

Will the euro survive?
(DBN)

Investors turn wary over euro bank rally
(DBN)

Euro Climbs as Draghi Says ECB Ready to Start Purchasing Bonds
(DBN)

Draghi warns eurozone growth will ?remain weak?
(DBN)

______________

PIIGS:

Spain: We Do Not Need a Bailout --- Spain central bank undercuts budget as rescue looms --- Spain's forecasts are 'optimistic', says Governor of the Bank of Spain --- Banks, Insurers to Invest in Spain 'Bad Bank' With 15-Year Life --- In the Time of Skinny Cows --- Betting on the Euro is Now Betting on Spain
(DBN)

Emigration From Ireland Soars --- Quinns had 'assassination insurance' contracts worth €7.5m each, court told
(DBN)

Portuguese PM defends austerity policy
(DBN)

Greece Leader Warns Country Running Out of Cash --- Schaueble sees progress in all euro crisis countries, apart from Greece --- IIF calls on eurozone to give Greece more time, lower interest rates --- IMF says Greek financing gap, debt sustainability must be addressed before next tranche --- ECB chief rejects further restructuring for Greece --- Greek economic sentiment dipped in September amid talks impasse --- Global bank lobby calls for lower rates on Greek debt --- Tension in Athens over unpaid workers --- Ex-Greek Minister in Wealth Probe Kills Himself --- For Sale: Greek Islands, Marinas and Tax Offices
(DBN)

______________

Canada:

Some Ontario municipalities could be headed for bankruptcy
(DBN)

______________

France:

Geci's Sky Aircraft placed in creditor protection
(DBN)

France: Jobless Rate to High 10.2% by Dec.
(DBN)

A Capitalist Revolt In Socialist France
(DBN)

______________

MENA:

Abu Dhabi's Al Jaber proposes 5-yr debt extension-sources
(DBN)

______________

Australia:

Arguing over the worth of Nine
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012